Ceramic Balls Market Trend & Forecast | 2022-28

Market Insights

The ceramic balls market is likely to grow from USD 426.93 million in 2021 to reach USD 799.89 million by 2028 at a healthy CAGR of 9.19% during the forecast period.

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What are Ceramic balls?

Ceramic balls are spherical in shape and are manufactured from different ceramic materials. They are much better than steel balls as they have higher stiffness, lighter weight, higher resistance to electricity, reduced thermal expansion, and increased resistance to corrosion.

Ceramic balls have their applications in bearing, grinding, valve, and others. Automotive, chemical, aerospace, and others are some of the industries where ceramic balls are used.

Market Drivers

• Increasing use of ceramic balls in the automotive and chemical end-use industries on account of their superior properties such as high-temperature resistance and resistance to corrosion & heat, along with durability are the major factors expected to drive the global ceramic balls market during the forecast period. 
• The market for ceramic balls is seeing lucrative potential because of the rising demand for lightweight electric automobiles.

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Key Players

Some of the major players in the market are-

• Axens
• Coorstek, Inc.
• Carter Manufacturing Ltd.
• Devson Catalyst Private Limited
• Fineway Inc.
• Global Precision Ball & Roller
• Guangzhou Chemxin Environmental Material Co., Ltd.
• Honeywell International, Inc.
• Industrial Tectonics Inc.
• Toshiba Materials Co., Ltd

Segment Analysis

By Material Type

The market is segmented as silicon-based, alumina-based, zirconia-based, and others. The silicon-based ceramic balls market is estimated to witness the highest growth during the forecast period. These ceramic balls own properties such as resistance to corrosion & heat and remarkable high temperature resistance, making them suitable in different end-use industries. Further, the demand for high temperature resistance and corrosion resistance properties is expected to boost the silicon-based ceramic balls market in the coming five years.

By Application Type

The market is segmented into bearing, grinding, valve, and others. The ceramic balls market in the bearing application type segment is expected to depict the highest growth during the forecast period. Properties such as good shock resistance make them ideal for bearing applications.

By End-Use Industry Type

The market is segmented as automotive, chemical, aerospace, and others. The ceramic balls market in the automotive end-use industry is expected to register the highest growth during the forecast period.

By Region

Asia-Pacific was the largest market for ceramic balls in 2021 and is estimated to maintain its dominance during the forecast period. The growth of the market can be attributed to the expansion of the automotive end-use industry in this region. The demand for ceramic balls in various end-use industries is estimated to increase significantly driven by the growing industrialization and increasing FDI in the Asia-Pacific. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

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Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The market is segmented into the following categories. 

By Function Type:

• Inert Ceramic Balls 
• Active Ceramic Balls 

By Material Type:

• Silicon Based 
• Alumina Based 
• Zirconia Based 
• Others 

By Application Type:

• Bearing 
• Grinding 
• Valve 
• Others 

By End-Use Industry Type:

• Automotive 
• Chemical 
• Aerospace 
• Others 

By Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, and the Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, and the Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the dynamics and will enable strategic decision-making for the existing players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com